FSA

The arrears management processes of mortgage lenders often increase the arrears problems faced by borrowers, according to a report by Citizens Advice Bureau (CAB).

The UK Shareholders Association (UKSA) has slammed proposals in the Retail Distribution Review (RDR) saying they do not address the "significant evidence" of poor advice or issues of consumer confidence.

The Chartered Insurance Institute (CII) says it will take four years for all advisers to reach a high level of professional standards, as part of its final submission for the FSA's Retail Distribution Review (RDR), published today.

The Insurance Conduct of Business (ICOB) sourcebook, which was supposed to be published on 6 December, has been delayed until further notice.

Clive Briault's warning that 1.5 million people due to remortgage next year will find it "difficult, if not impossible to refinance their mortgage on favourable terms" could cause undue panic, according to Newcastle Building Society.

There is a major risk of banks undermining the value of advice because of proposals made in the Retail Distribution Review, warns Ivan Martin, executive chairman of Sesame.

The FSA's Retail Distribution Review (RDR) is confusing the concepts of ‘advice' and ‘information' to the ultimate detriment of consumers, John Gummer MP says.

The Intermediary Mortgage Lenders Association (IMLA) has criticised the FSA for its downbeat approach to the UK mortgage market.

AIFA has praised the FSA for pledging to be clearer on its proposals for ‘primary advice', reiterating "it must not be called advice as it muddies the water".

The FSA has today announced it will begin a review into whether mortgage lenders are complying with TCF rules when handling mortgage arrears and repossessions.